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Search Results 0 to 13 of about 14 (some duplicates have been removed)
. its shares surged almost 15% after the mobile carrier said it was in talks with japan's softbank. those negotiations could lead to the japanese tech giant taking a major stake in sprint. sprint may have a savior-- it could use help and money from softbank. sprint has been struggling for seven years-- a disastrous merger with nextel, and an expensive tab to modernize its wireless network. but sprint insisted today its talks with softbank are in the early stages. "although there can be no assurances that these discussions will result in any transaction or on what terms any transaction may occur, such a transaction could involve a change of control of sprint." reportedly, softbank would invest nearly $13 billion for a majority stake in sprint. that could go a long way to help sprint compete with rivals at&t and verizon, and pay for its investment in mobile broadband provider clearwire. >> i think the one piece of the puzzle with sprint that was always a little worrisome was their investment in clearwire. so to the extent that helps bolster clearwire, could make sprint an even better
. carl quintanilla is on assignment this morning. >>> we begin with breaking news on sprint and softbank. david faber's been working this all morning. >> yeah. it's been like the old days, those phones lighting up. we got a lot of details to share but also a lot of questions. we can tell you for the last few months softbank has been in negotiations to buy a majority position in telecom provider sprint. now originally those talks also included my sources tell me t-mobile. in fact, would have involved a deal in which t-mobile and sprint got together, something that has been discussed many times in the past. and then softbank came in with a very large equity check buying down significantly what was deutsche telecom's stake in the overall and perhaps buying even more from the sprint shoulder. that deal didn't happen. as we all know, in fact t-mobile has moved on, has a deal to acquire pcs. by the way, while there's been a great deal of speculation that sprint might try an jump that deal, i think we can put that aside for the moment because that's not likely to happen. pcs shares are down. th
. softbank is considering acquiring sprint nextel. sprint nextel has more than 56 million subscribers. negotiations are to acquire more than two-thirds of the company's shares. it's expected to reach 2.8 billn. both firmsre providers for apple's iphone and they both use a high speed wireless communication protocol called long term evolution. the stronger yen is believed to be a factor in soft bank's decision in acquiring sprint nextel. they are hoping to vastly expand their network and customer base in the united states where the market is showing considerable growth. if successful the deal would lead to the creation of a te telecommunications wh more than 19 millionsubscrers. >>> u.s. markets ended lower dragged down by lackluster earning reports. the dow jones extended its losing streak to four days. this is the lowest closing since september 11. we go to ramin who is at the tokyo stock exchange. what can you tell us? >> good morning. following the slight losses that we saw in new york we got to keep track of the tex sector following advance micro devices that cut its forecast. it f
the clearance and now it's got it. check out squares of sprint nextel, japan softbank talking about a two-thirds stake of sprint. nhk reported the original story and "the journal" says those talks are "advanced." it would be the largest foreign stake purchased by a japanese company on record and the stock is up 12% in the premarket. also a busy day for ipos, five are set for today, realogy holdings, intercept and kythera and shutterstock priced its offering above its expected range and garrison capital is expected to go public but not yet priced. >> it's a one shot on you, becky. >> i thought you had something you wanted to say. >> no, got nothing. >>> the street eagerly looking ahead to jpmorgan and wells fargo, those companies out with earnings on friday and joining us on set with a preview is betsy graseck, morgan stanley's large cap analyst. what are you looking for? >> looking to understand how good the fixed income has been, how good housing has been and all the various ways it's impacting them, and then on the other side of the equation is nim, what's the forward look there. i this
about. as soft bank and sprint continue to negotiate a deal, under which softbank would end up with a majority control position of the third largest telecom provider in the country. you can see sprint shares are down this morning. let's start there, shall we? at this point, the best we can come up with in terms of my reporting, at least, and the structure of this, and others have been reporting same. yesterday, remember, we told you, they would end up with something around a 70, 7 5% position in the overall company. question is how they get there. at this point it would appear they would be buying primary shares from the company, up to 19.9%. remember, anything above that, you need to have a shareholder vote. according to the rules from the new york stock exchange. so sell 19.9%. sprint is able to raise cash. similar to, you know, a public offering in the sense that new shares then would actually embark on a tender offer to try to take them up. what is the price? well, again, i have to tell you we don't know certainty on price. somewhere around 630, 640, 650 has been the specul
on. earlier we talked about softbank in japan looking closely at sprint and that is in talks to take a majority stake in a deal worth $12.8 billion and now sprint is confirming those discussions. we have seen sprint jumping up nearly 13%. in the meantime one story with sprint moved other names including metro pc yes which you may remember was making the deal with deutsche telekom maybe and maybe step in and sprint putting that on hold and they are in the same business up 41% so metro p c.s. down 4% and obviously interrelated. time to make money with charles payne this hour. he is talking about a commercial banking organization that was the victim of a cyberattacks. charles: sun trust bank is situated in the mid-atlantic and southeast. this is an area where household incomes are above the national average and population growth above the national average and this is called superregional. i am afraid of these giant banks like banc of america and citigroup. it is so opaque. the change the accounting rules that these guys are pretty clear. loan provisions for losses have come down dramati
this morning that if fact. over in japan, softbank is in talks to buy a majority, and that's pushing sprint to a new high. stuart: i think i've got it, but i can tell that metropcs is down quite sharply and sprint is up >> big, big move. stuart: for sprint a big deal. thanks, nicole. time is money, 30 seconds, what we've got for. the vice-presidential debate, will paul ryan keep his momentum, the the romney camp's momentum going. will joe biden make a memorable gaffe? everybody will be watching and we'll be talking about it later on the the show. the city of oakland suing the federal government. it says the feds are overstepping by trying to shut down its medical marijuana dispensaries. and i think libya and the president's handling of it is a big story. the mainstream media does not seem to agree. and brent bozell upon the media. he joins us shortly. we want to hear from you sends your e-mails varney@foxbusiness.com. thursday morning, 7 early movers, the restaurant chain ruby tuesday, the profit there disappointing, the stock is down a little. audio equipment maker, vox gives a weak outloo
. the action that we are seeing here tax onto a winning year 2012. they are in fact in discussion with softbank of japan. dagen: thank you. connell: we do have some more noise, as they say, around the jobs report. if you cannot count on these jobs numbers, what can investors count on? we will talk about that. dagen: we will continue to track the run-up in sprint. connell: new legislation could force your cell phone provider to stop sharing info with third parties like the u.s. government. you think the judge is for this. well, we do not put any words and the judges mouth. he will be here to speak for himself in studio. oil, backup to 92 and changed today. that is a big gain. we will be right back. ♪ dagen: welcome back, everybody. quarter past the hour. stocks now and every 15 minutes. breaking news on apple and samsung. nicole: this is a big one that we will continue to follow. u.s. appeals court actually reversing that injunction against samsung galaxy nexus smart phone in the patent fight with apple. as the news roque, the volume spiked, it sold off. this is not great news here for apple.
. and japan softbank said to be in talks with three major japanese banks to borrow the $23 billion to finance that bid for splint and as you saw yesterday on this show, news of a possible daily for the u.s. operator first broke here with david faber. softbank has been looking how you to break in to the u.s. market for months. and defense secretary leon panetta says the u.s. military could act preemptively if it detects an imminent threat of cyber attack. he urged stronger action to bolster america's defenses against such plots. officials say this was the first major policy speech on cyber security by any defense secretary. and we've been waiting. the nobel peace prize was awarded today to you, the -- no, that was "time" magazine. >> total cop out. >> a cheap mirror on the cover. this time it went to the european union. the entire union. >> who gets the money? >> i don't know. they'll use to pay off some of the unlg debts that they have. the committee citing the eu's historic role in uniting the continent saying the award was meant as a morale boost for the bloc as it struggles to resolve its
the mobile carrier said it was in talks with japan's softbank. those negotiations could lead to the japanese tech giant taking a major e in america's third largest cell company. on wall street, stocks struggled to gain ground-- the dow fell 18 points, the nasdaq lost two points, but the s&p rose a fraction. advanced micro devices tonight cutting its third-quarter revenue estimates by 10%. it blames the sluggish global economy for weak sales across all of its product lines. tomorrow, our friday "market monitor" guest says 2013 will be a year of revitalization for the u.s. and emerging markets. he's jim paulsen of wells capital management. for more financial news, tune in to nbr weeknights on this public television station.
Search Results 0 to 13 of about 14 (some duplicates have been removed)